iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) Sees Unusually-High Trading Volume – Here’s What Happened

iShares U.S. Equity Factor ETF (NYSEARCA:LRGF) saw unusually-strong trading volume on Friday . Approximately 812,261 shares changed hands during mid-day trading, an increase of 179% from the previous session’s volume of 291,171 shares.The stock last traded at $69.0470 and had previously closed at $68.64.

iShares U.S. Equity Factor ETF Trading Up 0.2%

The firm has a market capitalization of $3.11 billion, a P/E ratio of 22.79 and a beta of 0.98. The business’s 50 day simple moving average is $69.70 and its two-hundred day simple moving average is $68.69.

Hedge Funds Weigh In On iShares U.S. Equity Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC boosted its stake in iShares U.S. Equity Factor ETF by 10.9% during the 4th quarter. Kestra Advisory Services LLC now owns 11,687 shares of the company’s stock valued at $811,000 after purchasing an additional 1,150 shares during the last quarter. Wright Wealth LLC bought a new position in shares of iShares U.S. Equity Factor ETF during the fourth quarter valued at $249,000. Stifel Financial Corp boosted its position in shares of iShares U.S. Equity Factor ETF by 6.7% during the fourth quarter. Stifel Financial Corp now owns 24,516 shares of the company’s stock valued at $1,702,000 after buying an additional 1,546 shares during the last quarter. Magnolia Capital Advisors LLC increased its holdings in iShares U.S. Equity Factor ETF by 21.6% in the 4th quarter. Magnolia Capital Advisors LLC now owns 37,803 shares of the company’s stock worth $2,625,000 after buying an additional 6,713 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in iShares U.S. Equity Factor ETF in the 4th quarter worth about $41,000.

About iShares U.S. Equity Factor ETF

The iShares U.S. Equity Factor ETF (LRGF) is an exchange-traded fund that is based on the STOXX U.S. Equity Factor index. The fund tracks an index of US large- and mid-cap equities. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size. LRGF was launched on Apr 30, 2015 and is managed by BlackRock.